Overview of the Forex Market

The speaker provides an overview of the forex market.  He suggests that the forex market carries the most amount of liquidity in relation to any other type of securities market.  Not only is there tremendous liquidity, there is also trading available 24 hours per day; however, this can be a negative if you cannot pull yourself away from the screen.

He also talks through the leverage that is taken in the forex market.  Typically, traders will use 200:1 leverage when placing trades.  New traders should be extremely careful as their accounts can be wiped out on 1 trade if proper risk management is not employed. 

Another benefit of the forex market is that it only moves dramatically when macroeconomic events take place, as opposed to a stock which can have a huge drop overnight due to earnings releases or other negative news. 
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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